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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Dec 1, 2010 15:56
ECB supposed to announce extending 720 bln bailout package to above 1 trn , perhaps to 1.4 trn.
Spain bonds auction will therefore run well as EZone banks are buyers with ECB money.
If that is announced EURUSD will break 1.3120 may reach 1.33
If NOT expect 1.29 1.28 1.27...
Key measure is not EURUSD but XAUEUR looks good for EUR up now
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Dec 1, 2010 15:19
Yes, nothing has changed but this does not change the fact that the doomsday scenario has not materialized as some people were expecting vigorously during the last couple of weeks:)
Essentially there are people who are forecasting the doomsday for 2 years now and yet it has not happened. And when it happens, they will say: "told you so". LOL Funny, isn't it?
These doomsayers will eventually get it right but most of them will be totally depleted of trading capital by then.
Mark what I am telling you: the "doomsday" or sort of will come in mid 2011.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Dec 1, 2010 15:10
well ECB liquidity supplied to EEzone banks bought Portugal high yield bonds...that's all.
So far resistances not even touched EURUSD however CHF JPY considerably weakened vs EUR.
USDx down to range 80.8 81
Nothing has changed
Gunjack
London, UK
Posts: 1184
13 years ago
Dec 1, 2010 13:48
temporary respite for eur and mkts...the bloodbath will continue...fri NFP shd be interesting
said
mulhouse, France
Posts: 2822
13 years ago
Dec 1, 2010 11:44
kyc stands for KNOWLES YOUR CLASSIC
subway90
Posted Anonymously
13 years ago
Dec 1, 2010 11:13
Euro managed to break the immediate resistance of 3080/90... next resistance comes in at 3210/30 level.... if it manages to break above it... it will challenge the first strong resistance at 3380/3400 level... if it gets rejected at 3230 level.... would likely see pullback to 3050/60(if broken could see 2900 level) support...
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Dec 1, 2010 8:27
recovery of scand high yield currency vs Eur indicates some outside help has occurred overnight
so today is EURUSD long EURGBP long EURCHF long EURAUD long trading advised
Gunjack
London, UK
Posts: 1184
13 years ago
Nov 30, 2010 9:28
@Forum - newswire reported potential German landesbank in trouble o/night, suffered liquidity issues, had to get ECB help...that is battering the EUR this AM
abundance
Singapore, Singapore
Posts: 27
13 years ago
Nov 30, 2010 9:09
EURUSD dropping like falling knife, heading toward 1.2900, after which target is 1.2600.
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Nov 30, 2010 9:02
and catnip, you can be talking all night long about the strong Fed and the strong USA but you can be sure that the officials in Washington are now biting their nails when watching what is happening to the USD :) All their efforts from the last couple of months are now fruitless.
Remember what the officials in Washington told Germany a while ago. Let me remind you: "Germany should balance its exports" LOL
"should balance" :) Hahaha They are desperate. And now are even more desperate when they are watching how Merlkel is winning this round of the match :)
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